Yes experiences slow growth in second quarter

Israeli DTH pay-TV service Yes, backed by telco Bezeq, had signed up 13,000 subscribers to its new MaxHD DVR service by the end of June, following its launch during the second quarter. Yes’s overall subscriber base at the end of the second quarter was 562,000, up only 11,000 subscribers year-on-year and 2,000 subscribers quarter-on-quarter.

Yes turned in revenues of NIS376m (€67m) for the quarter, down 1% year-on-year following the termination of an internet access agreement with Bezeq’s fixed-line division, but operating profit rose to NIS59m, up 38.8%. The operator generated a net loss of NIS95m compared with a loss of NIS99 for the same period the previous year.

ARPU fell by 2.6% year-on-year to NIS224, partly due to the termination of the internet agreement.